Late Rally Gives Techs a Lift,
But Computer Associates Plunges

By

Katherine Meyer The Wall Street Journal Online

Updated Feb. 20, 2002 11:21 p.m. ET

A late rally spurred the Nasdaq Composite Index to its first positive finish in a week Wednesday, though shares of software giant Computer Associates tumbled on rumors of a federal investigation and AOL Time Warner suffered after an analyst downgrade.

The Nasdaq composite climbed 24.98, or 1.4%, to close at 1775.59, after dipping as low as 1729.20 earlier in the day. Selling pressure eased late in the session as investors capitalized...